TaxProof Reviews

What is TaxProof?

TaxProof, offered by TaxModel, simplifies the tax accounting process, focusing on harnessing tax data and uncovering critical insights within a direct tax control framework. This platform streamlines tax activities, boosting confidence in data accuracy and integrity.

TaxProof is designed to ease the complexity of tax accounting workflows for companies of all sizes, from small to large-cap, effectively reducing operational costs and risks. The platform enhances the tax reporting process by funneling and simplifying key steps such as data gathering, entries, audit trailing, consolidation, and updating, allowing users to concentrate on tax position analysis.

Key functionalities include setting up tax provisioning files within minutes for all entities, providing a detailed overview with automated consolidation of tax packs in group currency, and adapting tax reporting packs to the complexity of the entity. TaxProof also features extensive audit trail functionality and an intuitive user guide to help onboard users.

The platform enforces process consistency, reducing the risk of human error, and provides continuous oversight of the status, users, and tax position at both the reporting entity and consolidation levels. TaxProof’s approach to data entry, assessment, and reporting in one environment aims to replace complex, time-consuming Excel spreadsheets and manual labor with smart data collection, assessment, reporting, and analytics features.